Shares of Cardinal Health Inc. (NYSE:CAH) traded today at $72.28, eclipsing its 52-week high. This new high was reached on below average trading volume as 830,000 shares traded hands, while the average 30-day volume is approximately 2.9 million shares.
Over the past year, Cardinal Health Inc. has traded in a range of $45.85 to $72.28 and is now at $72.07, 57% above that low.
Cardinal Health Inc. (NYSE:CAH) is currently priced 3.2% above its average consensus analyst price target of $69.75.
Cardinal Health is a pharmaceutical wholesaler, engaged in the sourcing and distribution of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail-order), hospitals networks, and healthcare providers. Along with AmerisourceBergen and McKesson, the three compose well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
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